TAX INCENTIVES

Exemption of direct and indirect taxes to specially incentivized activities.

The companies within the area are protected by the Investment Stability Law.

MIGRATORY INCENTIVES

Single Window for visa and permit procedures for foreign employees.

Special visa category as Panamá Pacífico Special Economic Area Investor.

Visa benefits are extended to the worker’s immediate family.

LABOR INCENTIVES

Fixed fees for overtime and work on days off.

Flexibility to establish the weekly day of rest on a day different than Sunday.

Foreign workers can be hired within the 10% and 15% of regular workers.

Permit for permanent personnel within the 10% of the regular workers with option to opt for permanent residency after 2 years.

Temporary resident permit for technical or business management personnel not to exceed 15% of the regular workers.

Permits for workers in positions of trust.

Permit for worker of a Company with less than 10 workers within the Panamá Pacífico Special Economic Area.

The 15% can be exceeded in the case of specialists or technicians required by the company.

companies

jobs created

International airport

High level residential complex

Special Investment Regimes

SUCCESS CASES

“Panama’s tax conditions, including the use of the US dollar and the Multinational Companies Headquarters Law, together with its excellent connectivity, greater personal safety and the generalized use of English, we knew Panama was an ideal place”